Tata Motors Ltd is on track to complete its proposed acquisition of Iveco Group by the second quarter of FY27, subject to regulatory approvals. The combined revenues of Tata Motors and Iveco Group are expected to grow to $35-40 billion over the next five years.
India’s commercial vehicle demand is expected to grow in the long term despite short-term headwinds, according to Tata Motors MD & CEO Girish Wagh. The company is bullish on the long-term outlook, citing India’s macro-economic growth as a key driver of commercial vehicle demand.
Tata Motors Passenger Vehicles is poised to deliver industry-leading growth in FY27, driven by a robust pipeline of new launches and multi-powertrain offerings, as well as collaboration with Jaguar Land Rover. The company’s commitment to sustainability, safety, and customer delight will continue to drive its growth and success.
Tata Motors is undergoing a significant transformation to reduce its dependence on the truck cycle and become a full-stack commercial mobility company, focusing on software, services, exports, electric mobility, and alternative fuel technologies.
Tata Motors is undergoing a significant transformation to reduce its dependence on India’s cyclical truck market, driven by geopolitical disruptions, freight volatility, and technology shifts. The company is expanding into software, services, exports, electric mobility, and alternative fuel technologies to build more resilient and recurring revenue streams.
